The Fox-Disney-Comcast bidding war heats up – hold on to your butts

A few weeks ago, I posted about the proposed Fox/Disney merger, noting that it was not a done deal. Comcast had thrown a new bid onto the table in the shape of an all-cash deal worth $52.4bn and this had the potential to stop Disney from Hoovering up all of 21st Century Fox’s film & TV catalogue.

Keen to show they really mean business, Comcast has now upped the stakes again, presenting Fox with a new all-cash offer, reportedly worth $65bn. According to Deadline, the Fox/Disney deal is potentially now on hold.

In a statement, 21st Century Fox, said: “21st Century Fox has not yet made a determination, in light of Comcast’s proposal, as to whether it will postpone or adjourn the July 10, 2018 special meeting of stockholders to consider certain proposals related to the Disney Merger Agreement.”

It would appear that Fox has got quite a bit to weigh up. So, if you were hoping to see all of the Fox properties head over to Disney, you might want to prepare yourself for a different outcome.